An independent international jury had awarded prizes in 22 categories. Photo via Depositphotos. Sixt has won the Business Travel Award in the category “Best New Travel Technology Product.” With more than 1,200 guests at this year’s award ceremony in London, the award is considered to be the “Oscar of the business travel industry.” The coveted… Continue reading Sixt Wins Business Travel Award
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Avis to Connect 22K Fiat Vehicles in Europe
In addition, these connected vehicles enable lock and unlock technology, providing a straight-to-vehicle, self-serve option for customers. Photo via Depositphotos. Avis Budget Group has formed a new agreement with Fiat Chrysler Automobiles (FCA) to connect more than 22,000 Fiat vehicles in Avis Budget Group’s European fleet. A connected vehicle can allow Avis customers to manage their… Continue reading Avis to Connect 22K Fiat Vehicles in Europe
German car parts maker ZF gains EU okay for $7 bln Wabco buy
BRUSSELS (Reuters) – German car parts maker ZF Friedrichshafen [ZFF.UL] secured on Thursday unconditional EU antitrust approval for its $7 billion bid for U.S. rival Wabco (WBC.N) aimed at reinforcing its expertise in autonomous-driving technologies. The European Commission said the deal raised no competition issues in the 28-country bloc. ZF, which helps carmakers develop gearboxes… Continue reading German car parts maker ZF gains EU okay for $7 bln Wabco buy
Tesla’s German factory gets off to an explosive start
FILE PHOTO: Warning tape is pictured at a construction site at Heidestrasse street near the capital’s central train station, after a World War Two bomb was discovered at the site in Berlin, Germany, April 19, 2018. REUTERS/Axel Schmidt/File Photo BERLIN (Reuters) – Seven U.S. bombs from World War Two have been found in the plot… Continue reading Tesla’s German factory gets off to an explosive start
Tesla overtakes Volkswagen as world’s second most valuable carmaker
(Reuters) – Tesla Inc (TSLA.O) has overtaken Germany’s Volkswagen (VOWG_p.DE) as the world’s second most valuable carmaker behind Japan’s Toyota (7203.T), as the meteoric rise in the U.S. electric vehicle maker’s shares reshuffles the global market. FILE PHOTO: A China-made Tesla Model 3 vehicle is seen at a delivery ceremony in the Shanghai Gigafactory of… Continue reading Tesla overtakes Volkswagen as world’s second most valuable carmaker
Mercedes EV output target slashed by battery shortage: Manager Magazin
FRANKFURT (Reuters) – Daimler has been forced to reduce its 2020 production targets for the Mercedes-Benz EQC electric car to 30,000 from about 60,000 due to a supply shortage of battery cells from LG Chem, Manager Magazin reported on Thursday. FILE PHOTO: The logo of German car manufacturer Mercedes-Benz is seen at Brussels Motor Show,… Continue reading Mercedes EV output target slashed by battery shortage: Manager Magazin
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Tesla overtakes Volkswagen as value hits $100bn
Tesla has displaced Volkswagen as the world’s second most valuable carmaker, after a dramatic rise in share price pushed its market value to more than $100bn (£76.1bn). The milestone sets the stage for chief Elon Musk to collect billions in pay tied to hitting that target. Tesla’s share price has more than doubled since October,… Continue reading Tesla overtakes Volkswagen as value hits $100bn
Canada prosecutors propose £110m Volkswagen fine
Canadian prosecutors want to fine Volkswagen millions of Canadian dollars over its emissions scandal. Volkswagen was charged in December with importing nearly 128,000 vehicles into Canada that violated emissions standards. The company then pleaded guilty to dozens of counts of diesel emissions violations. Globally the scandal has already cost the company more than €30bn in… Continue reading Canada prosecutors propose £110m Volkswagen fine
At 450 per 1,000 people, Gujarat has highest vehicle ownership rate
Gujarat is followed by Tamil Nadu with 445 vehicles per 1,000 population, Karnataka (372), Maharashtra (335) and Uttar Pradesh (190). AHMEDABAD: If the roads have started appearing chock-a-block with vehicles over the years, it’s for a reason. Gujarat has the highest vehicle ownership of 450 vehicles per 1,000 people in India! A Union transport ministry… Continue reading At 450 per 1,000 people, Gujarat has highest vehicle ownership rate